TON Strategy Company (TONX)

[trader59]

Do I think they will? No, not really, for a number of reasons.

Best case scenario to do the uplist that remains plausible is they file all the updated materials to do the S-1 offering and sell $20M worth of stock. $15M of that and $10M of additional stock is given to Sound Concepts and the acquisition deal is consummated. Timetable for that is 90 days start to finish to settle everything, but you're left with a company whose stock is still trading in the channel it is in.

Now you've got a maxed out O/S, so the only way you're getting to $4 per share is a R/S and, well, you probably need one. That won't be popular with current shareholders, but if the books (now public) on Sound Concepts are positive and if FUSZ has actually began to sell a substantial amount of their own products, the shareholders might hold their noses at a RS and let it be if they see the paperwork filed for the uplisting and all the boxes are checked.

But you're still into 2019 by then.